Ukraine, Georgia launch cooperation in energy efficiency and green energy
Cooperation agreements were signed by Acting Head of the State Agency on Energy Efficiency and Energy Saving of Ukraine Kostiantyn Hura and Deputy Minister of Economy and Sustainable Development of Georgia David Tvalabeishvili. The signing ceremony took place during the official visit of the Acting Head of the State Agency on Energy Efficiency and Energy Saving of Ukraine to Georgia, the press service of the Agency informs.
During the talks, Kostiantyn Hura expressed deep respect and hope for the beginning of profitable cooperation in the energy sector: "Both countries make efforts to develop green energy, decarbonize the economy, and the partnership will open additional horizons for common goals."
According to Hura, the partnership should become a new stage in the development of foreign economic relations and the formation of an effective policy for the development of clean, energy-efficient, low-carbon economy in both countries.
Within the framework of the Memorandum, the parties plan to identify opportunities for joint projects in the field of energy efficiency and green energy, as well as to exchange experiences, best practices, and mechanisms for implementing projects in these areas.
"Ukraine has a huge potential for the development of both energy efficiency and green energy. Over the past seven years, significant progress has been made – projects worth about EUR 7.8 billion in investments have been implemented," Hura noted.
"To ensure further balanced energy development, the new National Renewable Energy Action Plan until 2030 is being drafted. Green bonds also came into force. The UAMAP Investment Map with more than 220 potential projects worth EUR 5 billion is being updated. Work is underway on a new Green Investment Fund. There are many initiatives because the main goal is decarbonization and sustainable development. And Georgia can become a reliable ally of Ukraine in this area," the press service of the Agency informs.
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